Below is a tentative budget

Estimated Tentative

Actual$20$X$7$ Budget$20$X$8$

Estimated Revenues:

Property taxes $$2,800,000$ $$2,750,000$

Other $300,000330,000$

$3,100,0003,080,000$

Appropriations:

Salaries and wages $2,700,000?$

Other $50,00055,000$

$2,750,000?$

Excess of Estimated

Revenues Over Appropriations $350,000$

Fund Balance, Beginning of Year $1,000,0001,350,000$

Fund Balance, End of Year $$1,350,000$ $$1,350,000$

If the city wanted to have at least $1,200,000$ in fund balance at the end of the year, what is the most that can be allocated for salaries and wages?

a$.$

$2,700,000$

b$.$

$150,000$

c$.$

$3,025,000$

d$.$

$3,175,000$